Posted by admin on Jun 10th, 2022
Fathom Digital Manufacturing (NYSE:FATH – Get Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, Zacks.com reports. The firm currently has a $5.75 price objective on the stock. Zacks Investment Research‘s target price indicates a potential upside of 23.39% from the stock’s previous close.
According to Zacks, “Fathom Holdco LLC provides an on-demand digital manufacturing platforms in North America, serving the comprehensive product development and low- to mid-volume manufacturing needs. Fathom Holdco LLC, formerly known as Altimar Acquisition Corp. II, is based in NEW YORK. “
Other equities analysts have also issued research reports about the company. Needham & Company LLC lowered their price target on Fathom Digital Manufacturing from $12.00 to $9.00 in a report on Tuesday, May 17th. Stifel Nicolaus started coverage on Fathom Digital Manufacturing in a report on Friday, February 18th. They set a “buy” rating and a $11.00 price target on the stock. Lake Street Capital lowered their price target on Fathom Digital Manufacturing from $12.50 to $9.00 in a report on Monday, March 7th. Craig Hallum lowered their price objective on Fathom Digital Manufacturing to $9.00 and set a “na” rating on the stock in a report on Tuesday, May 17th. Finally, Bank of America assumed coverage on Fathom Digital Manufacturing in a report on Friday, May 13th. They issued a “neutral” rating and a $7.00 price objective on the stock. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Fathom Digital Manufacturing has a consensus rating of “Buy” and an average target price of $8.46.
Shares of FATH stock traded down $0.49 during mid-day trading on Thursday, hitting $4.66. 52,423 shares of the stock were exchanged, compared to its average volume of 328,767. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.79 and a current ratio of 1.01. Fathom Digital Manufacturing has a 12-month low of $4.05 and a 12-month high of $11.50. The firm’s fifty day moving average price is $6.13.
Several hedge funds have recently bought and sold shares of FATH. JPMorgan Chase & Co. acquired a new position in shares of Fathom Digital Manufacturing during the 1st quarter worth approximately $36,000. Tuttle Capital Management LLC acquired a new position in shares of Fathom Digital Manufacturing during the 4th quarter worth approximately $42,000. Penserra Capital Management LLC acquired a new position in shares of Fathom Digital Manufacturing during the 4th quarter worth approximately $59,000. Victory Capital Management Inc. acquired a new position in shares of Fathom Digital Manufacturing during the 1st quarter worth approximately $77,000. Finally, Northern Trust Corp acquired a new position in shares of Fathom Digital Manufacturing during the 1st quarter worth approximately $103,000. Institutional investors own 78.39% of the company’s stock.
About Fathom Digital Manufacturing (Get Rating)
Fathom Digital Manufacturing Corporation, a digital manufacturing platform, provides product development and manufacturing services in North America. It provides plastic and metal additive manufacturing, computer numerical control machining, injection molding and tooling, precision sheet metal fabrication, design engineering, urethane casting, and chemical etching.
Get a free copy of the Zacks research report on Fathom Digital Manufacturing (FATH)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Fathom Digital Manufacturing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fathom Digital Manufacturing and related companies with MarketBeat.com's FREE daily email newsletter.
BT Group (BTGOF) – Analysts’ Recent Ratings Updates
Pernod Ricard (EPA:RI) Given a €235.00 Price Target at Berenberg Bank